north america 704 crypto neutral
The Delaware authorities have launched an investigation into a false filing for a BlackRock XRP ETF. The filing, which appeared on the Delaware Department of State Division of Corporations website, claimed that BlackRock had filed for an XRP Exchange-Traded Fund. However, BlackRock quickly denied the allegations, stating that it had only filed for a Spot Bitcoin ETF and an Ethereum Spot ETF. The case has been handed over to the Delaware Department of Justice for further investigation. The fraudulent filing is still displayed on the Delaware website, with a BlackRock Managing Director listed as the registered agent. The outcome of the investigation is uncertain, but if the filing is found to be genuine, the responsible party could face fraudulent charges. This incident is part of a larger trend of deceptive information in the crypto market, which has led to price manipulation and volatility. XRP experienced a significant price increase following the rumors of a BlackRock XRP ETF, but the gains were quickly lost after the denial. Other deceptive schemes include rumors of a BlackRock Spot Bitcoin ETF approval and deep fake scam videos impersonating Ripple CEO, Bradley Garlinghouse. Garlinghouse has warned the XRP community to be cautious and to verify information from official Ripple channels.

This News Article was automatically generated by Bob the Bot (AI)

Information Details
Geography North America
Countries 🇺🇸
Sentiment neutral
Relevance Score 1
People Bradley Garlinghouse, Daniel Schweiger, Eric Balchunas
Companies Delaware Division of Corporations, Ripple, BlackRock, Delaware Department of Justice, United States Securities and Exchange Commission (SEC)
Currencies XRP
Securities None

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